Gold Trade Signal Alert for Feb 06th

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Here is my gold XAUUSD trade signal alert for the day of February 06th only. Sell stop entry signal below 1327.80, first stop loss above 1340.00. Targets at 1310.00, 1290.00 and 1270.00. If filled on my entry order I will move my stop loss every day to limit losses until target reached. I do not update stop loss orders on this free service. A simple way to determine stop loss points is to use the 9 and 18 exponential averages.

This commentary and chart is provided for informational and educational purposes only and is not a recommendation to buy or sell any gold contract. Here’s the chart which is provided by Barchart.com

gold trading signal

“US stock markets fell sharply on Friday after the strong wage growth figures and fiscal deficit concerns pushed the 10-year yield well above 2.8 percent; the highest level since 2014. The rising yields spooked investors, leading to a 2.12 percent drop in the S&P 500 index. Still, the yellow metal is trading in red, possibly because the solid rise in the treasury yields makes the zero-yielding safe-haven metal unattractive..” https://www.fxstreet.com

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